“While we continue discussing various future alternatives for reducing transport-related emissions, high-quality renewable fuels such as Neste MY Renewable Diesel™ continue to steadily reduce transportation-related emissions even as we speak. The fuel provides its users a concrete, cost-effective way to combat climate change while also helping various organisations, cities, municipalities, and even countries to meet their emissions reduction and carbon neutrality targets,” explains Peter Vanacker, President and CEO from Neste.

Waste and residue raw materials account for approximately 80% of Neste’s annual usage of renewable raw material, which maximises the average emission reduction that the company’s renewable fuels provide as a whole.

For more than ten years, Neste has steadily increased the volume of renewable products that it brings to the market. The company currently has the capacity capacity to produce 2.7 million tpy of renewable products at its refineries in Finland, the Netherlands and Singapore.

In December 2018, the company announced its decision to invest approximately €1.4 billion to expand its renewable products production capacity in Singapore, bringing the total renewable product capacity close to 4.5 million tpy in 2022.

Neste’s target is to reduce GHG emissions by 9 million tpy with its renewable products from 2022 onwards.

“Neste is in the business of helping transport and cities, aviation, polymers and chemicals customers make their business more sustainable. As we continue to focus on efficient utilisation of various waste and residue raw materials in our production, we can maximise the positive impact we can make in several areas of life,” Vanacker concludes.

Note: *The method used to calculate life cycle emissions and emission reduction complies with the EU Renewable Energy Directive (2009/28/EC). The annual emission reduction provided by Neste’s renewable fuels altogether in 2018 was slightly smaller than in previous year due to smaller production volumes resulting from scheduled maintenance at Neste’s Singapore and Rotterdam refineries in 2018. The number of passenger vehicles that the emissions reduction corresponds to remained at the previous year’s level, as the energy efficiency of passenger cars has improved.